Stephen Lassiter
Negotiate informally before submitting LOI?
When negotiating key terms for a commercial multi-family purchase, is it customary to have informal communication back-and-forth before submitting a Letter of Intent? Or is it more normal to do all initial negot...
Jewel B.
Estimating Rehab Costs by J Scott: 2023
Happy Tuesday everyone,I've just started reading "Estimating Rehab Costs" by J Scott (and will then also read his book on flipping) and I see it's a revised edition from 2019, which is obviously pre-Covid and therefor...
Billy Archer
What do you set aside for capex and repairs?
Do you have a rule of thumb when you’re searching for buy and hold deals? Are you setting aside 10% of prospective rental income for capex and 10% for repairs regardless, or fine tuning it based on factors like the ag...
Daniel Kaplan
Multifamily Underwriting Process
Hey everyone!
What is the best way you guys have learned to value multifamily properties(4+ units) through the underwriting process?
Dean Lovell
Rental Options for Large Second-to-Third Floor Unit: Help Me Brainstorm?
I'm the owner of a duplex in Uptown Minneapolis, wondering the best way to rent out a new space. I recently renovated the attic into additional living area, changing the 3BD 1BA second-floor unit into a 4BD 2BA unit a...
Mike Gennaro
How do you transfer a mobile home title?
Hey BP,I'm about to hand over the cash on my first mobile home purchase. Aside from myself, the seller and the owner who financed him will be present with the title. What paperwork do I need to execute this transactio...
Eric Pope
HELOC on Rental Properties
Hello BP community. Does anyone know where we can get a HELOC on rental houses that still have mortgages on them? I would like to pull some equity out of a couple of rental houses in the form of a line of credit. O...
Art Marzan
short sale..
A family member is in hardship and considering a short sale.
First loan from ASC is $271162.40 and second loan is from Ocwen
at $68,126.28. I would like to bail him out and is willing to pay 76%
of $340,000 balance. W...
Jimmy H.
Office condo leasing strategy
I've never invested in real estate outside of 1-4 family residential rental real estate.
I spotted an office condo in a development where the builder had bad timing (2006) and the development got foreclosed on. All u...
Greg Ramsey
Northern California Newbie (Shasta County)
Hello BP! This is such an amazing space....thank you Joshua and Brandon. I have been lurking for exactly 1 month now and thought I should introduce myself. I grew up on Shasta Lake in Northern California working in...